Both companies will collaborate to build an integrated cold chain supply management to facilitate retail, catering and distribution fulfillment in Indonesia

Singapore, 26 May 2016 -YCH Indonesia, Asia Pacific's leading integrated end-to-end supply chain management and logistics partner, today signed a Memorandum of Understanding (MoU) with PT Pangan Lestari, one of the largest Indonesian importer and distributor of food products under temperature controlled management.

Under the MoU, both companies will jointly develop integrated cold chain supply management to facilitate retail, catering and distribution fulfillment. This will be done through the development, expansion and use of existing facilities of both companies, as well as the development of identified sites in the appointed markets in Indonesia.

This signals the homegrown company's commitment towards helping local SMEs explore business and manufacturing opportunities in Indonesia. Over the next six months, YCH will collaborate with Pangan Lestari in three key areas:

Conduct a feasibility study to help Singapore SMEs explore new markets in Indonesia in locations such as Jakarta, Surabaya, Bali, Semarang, Yogyakarta and Bandung

Identify, discuss and possibly undertake joint marketing activities to be offered to potential Indonesian customers, with a focus on Quick Service Restaurants (QSR) and services for import of raw materials

Mr Roland Yap, President Director of YCH Indonesia said, "We are pleased to collaborate with Pangan Lestari to pave a way for Singapore SMEs to expand beyond their home market. Indonesia is South-East Asia's largest economy, boasting strong opportunities in trade and investment, particularly with the cold chain, logistics and supply chain sectors. We believe that YCH's expertise in innovative supply chain management will complement Pangan Lestari's capabilities in cold chain management."

Mr Iwi Sumbada, Directoor of PT Pangan Lestari said, "We are delighted to work with YCH on this initiative. As the cold chain industry expands in Indonesia, having a reliable partner who is a leader in Asia's supply chain market will greatly enhance our competitive advantage. We look forward to jointly develop an even greater cold chain supply management in Indonesia."

About YCH Group

Founded in 1955 and headquartered in Singapore, YCH Group is the leading end-to-end supply chain solutions partner to some of the world's largest companies and favourite brands across the Asia Pacific region. Its suite of innovative award-winning end-to-end supply chain management solutions - Intribution™, Intrabution™, Retrogistics™ - employ cutting edge web-technologies that are best-in-class across industry clusters from consumer and electronics to chemical and healthcare, to deliver powerful competitive advantages for customers. A strong proponent of innovation, YCH is recognized for its 7PL™ approach in seamlessly integrating supply chain strategy with execution. As an extended family enterprise, YCH was awarded the May Day Model Partnership Awards 2014 for embracing diversity, encouraging continuous learning and the creation of a productive, resilient and sustainable workforce.

About Pangan Lestari

Established in 1983, Pangan Lestari is one of the Indonesian's leading food distributor company of food products under temperature controlled management including snack foods, sauces, seasonings, pre-mixes, frozen seafood and bakery products. Pangan Lestari commenced its operations as subsidiary company of Sekar Laut, the first and largest modernized shrimp crackers manufacturer in Indonesia, distribute their products for local market. A year later, Pangan Lestari saw the great demand for quality food and beverage products in the market, and began to import products from Asia. Pangan Lestari works together with partners from Asia, US and Europe as their main distributor in Indonesia.